EQLI.TO Alternatives & Similar ETFs

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EQLI.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EQLI.TO

EQLI.TO charges 0.29% annually. There are 13 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
ZUE.TO	BMO S&P 500 (CAD Hedged)	0.09%	4.77B	May 2009	EQLI.TO vs ZUE.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	0.09%	—	Nov 2012	EQLI.TO vs ZSP-U.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.00B	Nov 2012	EQLI.TO vs ZSP.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.11B	Nov 2012	EQLI.TO vs VSP.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	0.09%	—	Oct 2019	EQLI.TO vs XUS-U.TO

Best Risk-Adjusted Alternatives to EQLI.TO

EQLI.TO has a PortfoliosLab risk / return rank of 86. No ETFs in the S&P 500 category have higher risk-adjusted ranks; the top alternatives shown here go as high as 81.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	81	10.93M	May 2024	EQLI.TO vs USSL.TO
USCC.TO	Global X S&P 500 Covered Call ETF	77	558.31M	Sep 2011	EQLI.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	77	244.05M	Jul 2023	EQLI.TO vs USCL.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	73	3.02B	May 2018	EQLI.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	73	—	Jul 2024	EQLI.TO vs XUSC.TO

Top Performing EQLI.TO Alternatives (YTD)

EQLI.TO is at 14.06% YTD. There are 2 ETFs in the S&P 500 category with higher YTD returns, going as high as 15.50%.

Symbol	Name	YTD Return	AUM	Inception
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	15.50%	3.02B	May 2018	EQLI.TO vs EQL.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	14.40%	10.93M	May 2024	EQLI.TO vs USSL.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	13.52%	244.05M	Jul 2023	EQLI.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.83%	—	Jul 2024	EQLI.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.34%	34.09B	Nov 2012	EQLI.TO vs VFV.TO

Lowest Volatility Alternatives to EQLI.TO

EQLI.TO has 9.33% 1-year volatility. No ETFs in the S&P 500 category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 10.33%.

Symbol	Name	Volatility 1Y	AUM	Inception
USCC-U.TO	Global X S&P 500 Covered Call ETF	10.33%	398.67M	Sep 2011	EQLI.TO vs USCC-U.TO
USCC.TO	Global X S&P 500 Covered Call ETF	10.37%	558.31M	Sep 2011	EQLI.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	12.27%	3.02B	May 2018	EQLI.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.34%	—	Jul 2024	EQLI.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.42%	34.09B	Nov 2012	EQLI.TO vs VFV.TO

Lowest Drawdown Alternatives to EQLI.TO

EQLI.TO has a 1-year max drawdown of -5.47%. No ETFs in the S&P 500 category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -6.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	558.31M	Sep 2011	EQLI.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	3.02B	May 2018	EQLI.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	-7.60%	—	Jul 2024	EQLI.TO vs XUSC.TO
USCC-U.TO	Global X S&P 500 Covered Call ETF	-7.72%	398.67M	Sep 2011	EQLI.TO vs USCC-U.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	244.05M	Jul 2023	EQLI.TO vs USCL.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, INAI.TO and span 9 categories. AUM among these funds goes as high as $4B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	50	14.53%	3.73B	May 2021	EQLI.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	41	10.64%	3.73B	May 2021	EQLI.TO vs QQC-F.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	38	26.98%	—	Jan 2024	EQLI.TO vs INAI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	53	16.00%	—	Nov 2021	EQLI.TO vs QQCE.TO
PDC.TO	Invesco Canadian Dividend Index ETF	Dividend, Canada Equities	98	25.42%	1.05B	Apr 2011	EQLI.TO vs PDC.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	67	12.03%	1.22B	Mar 2020	EQLI.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities, Low Volatility	97	18.14%	103.58M	Apr 2012	EQLI.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	91	14.48%	—	Oct 2020	EQLI.TO vs ESGC.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	Canadian Government Bonds	98	1.41%	258.84M	Jul 2014	EQLI.TO vs PFL.TO
PXS.TO	Invesco RAFI U.S. Index ETF II CAD	Large Cap Value Equities	95	19.51%	58.11M	Apr 2015	EQLI.TO vs PXS.TO

Often Compared With EQLI.TO

Investors most often compare EQLI.TO with INTY.TO, JEPI.TO, CRCY.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	—	Jan 2026	EQLI.TO vs INTY.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	Derivative Income	48	6.89%	—	Sep 2024	EQLI.TO vs JEPI.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income, Blockchain, Options Trading, Actively Managed	—	-31.93%	—	Oct 2025	EQLI.TO vs CRCY.TO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Cryptocurrency, Derivative Income, Options Trading, Actively Managed	1	-29.86%	—	Apr 2025	EQLI.TO vs BCCL.NEO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	92	31.48%	784.46M	Apr 2011	EQLI.TO vs ENCC.TO
EASY.TO	Evolve All-in-One UltraYield ETF	Derivative Income, Options Trading, Actively Managed	—	—	—	Mar 2026	EQLI.TO vs EASY.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	18.30%	1.79B	Jul 2021	EQLI.TO vs HDIV.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	92	16.24%	—	Mar 2025	EQLI.TO vs GOGY.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	53	8.43%	15.62B	May 2001	EQLI.TO vs XSP.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income, Options Trading, Actively Managed	72	13.08%	927.41M	Feb 2022	EQLI.TO vs HYLD-U.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Utilities Equities, Derivative Income, Leveraged Equities	64	10.38%	445.34M	Sep 2024	EQLI.TO vs UTES.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	67	12.29%	7.40B	Nov 2010	EQLI.TO vs HXS.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	Nasdaq-100, Derivative Income	54	8.64%	136.22M	Sep 2024	EQLI.TO vs JEPQ.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	97	23.57%	405.23M	May 2011	EQLI.TO vs BKCC.TO
XUS.TO	iShares Core S&P 500 Index ETF	S&P 500	69	12.30%	12.96B	Apr 2013	EQLI.TO vs XUS.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	Derivative Income	8	-3.63%	337.47M	May 2024	EQLI.TO vs HPYT.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	Derivative Income	—	15.04%	—	Aug 2025	EQLI.TO vs ECHI.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	49	22.40%	—	Jul 2025	EQLI.TO vs QDAY.NEO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	19.57%	2.58B	Jan 2023	EQLI.TO vs HMAX.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	16	1.29%	1.82B	Jan 2025	EQLI.TO vs HHIS.TO

Compare EQLI.TO with Any Fund or Stock

Compare EQLI.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair EQLI.TO with funds that move differently

Invesco S&P 500 Equal Weight Income Advantage ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EQLI.TO.

Explore EQLI.TO Diversifiers

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) Alternatives